Question 5

When the government chooses to use resources to build a school, these resources are no longer available to build a highway. This choice illustrates the concept of

  • A.market mechanism
  • B.opportunity cost
  • C.trade by barter
  • D.macroeconomics
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2015/2016
Question no.
#5
Type
Objective

More from this paper

See all Economics 2015/2016 questions